Cost of Living in Buffalo Grove, IL
Population: 42,824 • 2026 Data
$129,820
Median Household Income
+68% vs national
$2,042
Median Monthly Rent
+51% vs national
$392,900
Median Home Value
+16% vs national
2.5%
Unemployment Rate
Housing in Buffalo Grove
The median home value in Buffalo Grove, IL is $392,900. Monthly rent for a typical unit averages $2,042, while total monthly housing costs (including utilities and insurance) average $2,098.
Rent-to-income ratio: 18.9%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Buffalo Grove, IL is $129,820. The unemployment rate stands at 2.5%, with a labor force of 23,596 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.